---
title: "Zhongyuan Expressway (600020.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600020.SH/norm.md"
symbol: "600020.SH"
name: "Zhongyuan Expressway"
parent: "https://longbridge.com/en/quote/600020.SH.md"
datetime: "2026-05-20T22:59:33.818Z"
locales:
  - [en](https://longbridge.com/en/quote/600020.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600020.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600020.SH/norm.md)
---

# Zhongyuan Expressway (600020.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.1518 | -0.2812 | 0.1230 | 0.1219 | 0.1444 |
| ROE | 9.29% | -11.48% | 9.30% | 6.41% | 9.26% |
| Revenue | 1.44B | 1.71B | 1.78B | 1.81B | 1.30B |
| Net income | 367.03M | -445.73M | 357.86M | 247.58M | 355.79M |
| Operating income | 653.42M | -534.27M | 574.18M | 510.95M | 569.31M |
| Gross margin | 47.94% | -24.84% | 37.08% | 32.65% | 47.78% |
| Net margin | 25.51% | -19.45% | 16.72% | 17.02% | 27.39% |
| Profit quality | 148.56% | -90.84% | 79.56% | 89.33% | 99.14% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 53.77B | 53.55B | 53.25B | 53.01B | 52.39B |
| Leverage | 3.37 | 3.43 | 3.45 | 3.45 | 3.38 |
| BVPS | 6.60 | 5.15 | 5.29 | 5.17 | 5.23 |
| Turnover | 0.1269 | 0.1248 | 0.1369 | 0.1417 | 0.1397 |
| Cash & STI | 557.96M | 477.46M | 534.48M | 621.33M | 510.06M |
| Inv & Rec | 3.91B | 3.87B | 4.80B | 4.79B | 4.78B |
| LT assets | 9.97B | 10.07B | 9.94B | 10.13B | 10.32B |
| Net debt | 33.34B | 33.83B | 34.09B | 33.57B | 33.23B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 439.83M | 588.17M | 721.74M | 572.01M | 574.28M |
| Investing CF | -290.33M | -598.35M | -399.18M | -630.40M | -338.90M |
| Financing CF | -68.46M | -47.31M | -409.37M | 170.00M | -220.96M |
| Free CF | 211.70M | 1.31B | -1.10B | 450.23M | -193.90M |
| OCF coverage | 17.40% | 21.65% | 101.51% | 11.66% | 20.17% |
| Repaid & issued | 2.15B | 1.83B | 820.79M | 3.42B | 2.41B |
| CapEx | -316.87M | -608.38M | -422.45M | -654.38M | -220.61M |

## Distribution Plan

**Dividend Yield**: 4.35

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.17CNY | 2025-07-14 | 2025-07-15 | 2025-07-15 |
| Cash Dividend: 
0.149CNY | 2024-05-27 | 2024-05-28 | 2024-05-28 |
| Cash Dividend: 
0.019CNY | 2023-05-26 | 2023-05-29 | 2023-05-29 |